Submission of annual account by Licensee /Registrar functionaries and assessment of Market fee

(1) Every trader, processor, proprietor of a private yard, proprietor of consumer/ farmer market or commission agent, carrying on business of notified agricultural produce shall, before the 30th June, every year submit to the Chief Executive Officer a statement of transaction undertaken by or through him during the previous financial year ending on the 31st March, in the prescribed manner (2) The Chief Executive Officer shall accept or reject the statement submitted to him under sub - section (1) after necessary examination and verification on the basis of information duly available in the Market Committee and shall assess the balance amount payable by the functionary and levy the assessed amount. (3) Any person aggrieved by the proceedings of the Chief Executive Officer, may within thirty days. (4) Any officer authorized by the State Government or the Board may. On his own motion or on application made to the State Government start process of re- verification of the statement, verified by the Chief Executive Officer. Within two years of the date of verification and for this purpose such officer shall exercise the powers under Section 52. (5) The re-verification made by the officer authorized by the State Government or the Board, shall be final.